Ocean West Holding Corp., Tustin, Calif., has announced an agreement between its subsidiary Ocean West Enterprises and Freedom Mortgage Corp. of New Jersey under which Ocean West will manage a new division of Freedom Mortgage.The holding company said the agreement will enable both Ocean West and Freedom Mortgage to increase originations by using the latter's warehouse lines, in return for which Ocean West will split the net profits of the new division with Freedom Mortgage. Freedom Mortgage has approximately $240 million in warehouse lending capacity. Ocean West, a mortgage banking company, can be found online at http://www.oceanwest.com.
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